34,000 Panchs in JK to get insurance cover
4 Companies In Race To Get Contract
GK NEWS NETWORK
Srinagar, Jan 25: The Jammu and Kashmir is going to be the first state to provide insurance cover to the Panchayat representatives.
Sources said that four insurance companies are vying for the contract.
To mention after the mass resignations by the Panchayat representatives fearing for their lives, the government assured two concessions to them: Monthly honorarium and life insurance cover.
Sources said that four insurance agencies in the race to get the contract for providing cover to nearly 34,000 Panchs and Sarpanch across JK include Life Insurance Corporation (LIC) and New India Assurance.
Sources said that government has made up its mind to go ahead with this project of insuring grassroots level representatives “who have been facing constant threat of their lives.”
Sources said that a high- level team of government officials will scrutinize the submissions and issue formal tenders and ink the pact with the insurance companies.
Pertinently, for the insurance cover government has sought expressions of interest from insurance companies.
Official sources said the idea is to have a full insurance cover from the date of issuance of the policy till the end of the present tenure that ends in latter 2016.
Curiously, since JK is going to be the first state that is seeking insurance to its PRI members, the bidding insurers will have to create a special and specific product to have this business.
Pertinently, the development has come after the five Sarpanchs were killed and scores of Panchs were injured in a series of attacks which led to fear among the representatives many among whom then offered resignations.
Lastupdate on : Fri, 25 Jan 2013 21:30:00 Makkah time
Lastupdate on : Fri, 25 Jan 2013 18:30:00 GMT
Lastupdate on : Sat, 26 Jan 2013 00:00:00 IST
- MORE FROM BUSINESS
Srinagar, Jan 25: The Chairman of Hurriyat Conference (G) Syed Ali Shah Geelani on Friday hailed the recommendations of Justice Verma Commission regarding the review of Armed Forces Special Powers Act More
- Srinagar City
Srinagar,Jan 25: Srinagar Municipal Corporation (SMC) on Friday celebrated National Voters Day at different polling stations in the summer capital. In a statement a spokesperson of SMC said functions More
Rather Likely To Present State Budget On March 5
Jammu, Jan 25: Jammu and Kashmir government is likely to seek 10 per cent hike in the annual plan allocation for the fiscal 2013-14 besides extension of center’s special package under Prime Minister.  More
- South Asia
REZAUL H LASKAR\PTI
Islamabad, Jan 25: Against the backdrop of a spike in tensions with India, the Pakistani military is conducting a combat exercise involving fighter jets and ground troops with a top General saying the More
- GK Features
The major part of the Prophet’s mission was to bring peace to the world
Ask any Muslim about his or her love for Prophet Muhammad (SAW) and he or she will answer, “Fidayak Ya Rasool Allah. Sincerely yours, we believe what we tell ourselves Allah’s Messenger Prophet Muhammad More